Somewhat Positive Press Coverage Somewhat Unlikely to Impact Carrols Restaurant Group (NASDAQ:TAST) Share Price
Media stories about Carrols Restaurant Group (NASDAQ:TAST) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Carrols Restaurant Group earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned headlines about the restaurant operator an impact score of 46.8811050502981 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Carrols Restaurant Group, Inc. (NASDAQ:TAST) Downgraded by ValuEngine to “Sell” (americanbankingnews.com)
- Market Review: Watching the Levels for Carrols Restaurant Group, Inc. (NASDAQ:TAST) (footballhebdo.com)
- Carrols Restaurant Group, Inc. (NASDAQ:TAST) Sees Significantly Higher Trading Volume (overnewsmagazine.com)
- Carrols Restaurant Group, Inc. (TAST) Stake Reduced by Renaissance Technologies LLC (naijaoversabi.com)
- Fmr LLC Acquires 200 Shares of Carrols Restaurant Group, Inc. (TAST) (iphonefresh.com)
Carrols Restaurant Group (NASDAQ TAST) traded up 4.67% on Friday, reaching $11.20. The company’s stock had a trading volume of 457,759 shares. Carrols Restaurant Group has a 12-month low of $9.60 and a 12-month high of $17.55. The company has a market capitalization of $396.78 million, a price-to-earnings ratio of 14.97 and a beta of 0.02. The firm has a 50-day moving average of $12.14 and a 200 day moving average of $13.52.
Carrols Restaurant Group (NASDAQ:TAST) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.05. The business had revenue of $279.48 million during the quarter, compared to analysts’ expectations of $274.90 million. Carrols Restaurant Group had a net margin of 3.44% and a return on equity of 6.33%. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. On average, equities research analysts anticipate that Carrols Restaurant Group will post $0.24 EPS for the current fiscal year.
Several research analysts have weighed in on the company. ValuEngine upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Carrols Restaurant Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $17.50 price target on shares of Carrols Restaurant Group in a research note on Monday, July 24th. Finally, Dougherty & Co dropped their price target on Carrols Restaurant Group from $18.50 to $15.50 and set a “buy” rating for the company in a research note on Thursday.
Carrols Restaurant Group Company Profile
Carrols Restaurant Group, Inc is a holding company and conducts all of its operations through its subsidiary, Carrols Corporation (Carrols) and Carrols’ subsidiary, Carrols LLC. The Company is a restaurant company and Burger King franchisee in the United States. As of January 1, 2017, the Company had owned and operated 753 Burger King restaurants under the name Burger King in 16 Northeastern, Midwestern and Southeastern states.
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